Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in Everest Group’s PEAK Matrix® for Healthcare Payer Operations Service Providers 2020.
The report evaluated the digital services capabilities of 29 global healthcare BPS providers and mapped them on the Everest Group PEAK Matrix® based on several parameters including vision, capability, and market impact. Wipro was positioned as a Leader owing to its portfolio mix and investment in digital platforms – such as Member 360 and Wipro HOLMESTM Artificial Intelligence and Hyper Automation Platform. This has helped it acquire new clients, besides expanding the scope of business with existing ones.
Nagendra P. Bandaru, President, Cloud and IT Infrastructure Services (CIS) and Digital Operations & Platforms (DOP) said, “Now more than ever, insurance companies need to forge stronger relationships with customers and automation is game-changer. Emerging technologies help significantly improve profit margins as well as transform customer experience. Our investment in payer business transformation framework, driven by best-in-class domain consultants and experts, has digitized the heath experience and enabled our customers to be ahead of the curve.”
Mohd Ehteshamul Haque, Senior Vice President and Global Head – Healthcare Vertical, Wipro Limited said, “The rules of engagement and compliance are being rewritten every day and, now more than ever, health insurance buyers expect better care and digital engagement at lower premiums. Our strategy addresses this by creating personalized health plans for members at competitive costs. We achieve this through our Unified Digital Payer Platform supported by our strong partnership ecosystem that broadens our capability. This, coupled with our approach of Business Transformation through Customer Journey Mapping and Rapid Prototyping for the Payer Market is paying off.”
“For healthcare payers, one of the biggest issues is the lack of an integrated solution approach by third-party partners,” said Manu Aggarwal, Vice President, Everest Group. “Wipro’s development of a payer-in-the-box solution, leveraging its services/platforms through a partner ecosystem, has helped it offer a unified solution in areas such as member enrolment (through its Medicare and Affordable Care Act (ACA) platforms) and claims management.”
According to Everest Group, the impact of COVID-19 on businesses resulting in job losses is likely to increase the number of people buying health insurance through individual exchanges. Given that Wipro has a strong portfolio of offerings catering to public exchange business, a surge in demand is likely to further drive the revenue growth.
Download the custom version of the report here.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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